Correlation
The correlation between PQIAX and VYM is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
PQIAX vs. VYM
Compare and contrast key facts about Principal Equity Income Fund (PQIAX) and Vanguard High Dividend Yield ETF (VYM).
PQIAX is managed by Principal. It was launched on May 31, 1939. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PQIAX or VYM.
Performance
PQIAX vs. VYM - Performance Comparison
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Key characteristics
PQIAX:
0.66
VYM:
0.78
PQIAX:
0.93
VYM:
1.13
PQIAX:
1.13
VYM:
1.16
PQIAX:
0.59
VYM:
0.83
PQIAX:
2.09
VYM:
3.18
PQIAX:
4.67%
VYM:
3.76%
PQIAX:
16.47%
VYM:
16.15%
PQIAX:
-54.68%
VYM:
-56.98%
PQIAX:
-5.05%
VYM:
-3.84%
Returns By Period
In the year-to-date period, PQIAX achieves a 1.69% return, which is significantly lower than VYM's 1.79% return. Over the past 10 years, PQIAX has underperformed VYM with an annualized return of 9.00%, while VYM has yielded a comparatively higher 9.76% annualized return.
PQIAX
1.69%
3.95%
-5.05%
9.30%
7.48%
11.93%
9.00%
VYM
1.79%
4.08%
-2.87%
10.73%
8.34%
13.46%
9.76%
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PQIAX vs. VYM - Expense Ratio Comparison
PQIAX has a 0.86% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
PQIAX vs. VYM — Risk-Adjusted Performance Rank
PQIAX
VYM
PQIAX vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Equity Income Fund (PQIAX) and Vanguard High Dividend Yield ETF (VYM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
PQIAX vs. VYM - Dividend Comparison
PQIAX's dividend yield for the trailing twelve months is around 10.86%, more than VYM's 2.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQIAX Principal Equity Income Fund | 10.86% | 11.07% | 2.59% | 5.37% | 5.05% | 1.52% | 4.31% | 7.42% | 6.28% | 3.73% | 2.11% | 1.75% |
VYM Vanguard High Dividend Yield ETF | 2.86% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% |
Drawdowns
PQIAX vs. VYM - Drawdown Comparison
The maximum PQIAX drawdown since its inception was -54.68%, roughly equal to the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for PQIAX and VYM.
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Volatility
PQIAX vs. VYM - Volatility Comparison
Principal Equity Income Fund (PQIAX) and Vanguard High Dividend Yield ETF (VYM) have volatilities of 4.53% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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